The Economy of Runescape

The Economy of Runescape

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

7th - 12th Grade

Hard

Created by

Quizizz Content

FREE Resource

The video explores the economy of Runescape, focusing on its evolution from a player-to-player trading system to the Grand Exchange. It discusses the economic assumptions in games, comparing them to real-world markets, and highlights the importance of the four P's of marketing in Runescape's unique trading environment. The video also examines the impact of real-world influences on Runescape's market, including the introduction of mobile platforms and the use of bonds as a currency exchange mechanism.

Read more

7 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the introduction of the Grand Exchange change the trading dynamics in Runescape?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the primary method of trading in Runescape before the Grand Exchange was introduced?

Evaluate responses using AI:

OFF

3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the four P's of marketing, and how do they apply to trading in Runescape?

Evaluate responses using AI:

OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does reputation play in the player-to-player trading system in Runescape?

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the economy of Runescape reflect real-world economic principles?

Evaluate responses using AI:

OFF

6.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the effect of the mobile platform release on the price of premium subscription bonds in Runescape?

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the impact of microtransactions on the economy of Runescape as mentioned in the text.

Evaluate responses using AI:

OFF